Wouldn’t it be so easy if you could just magically know that one special company that has the cheapest car insurance rates for a learners permit? It’s not quite that easy, unfortunately, as there are a whole slew of unknown elements such as the safety ratings of your vehicle, whether or not you own a home, and how old you are. This article should teach you a little about the different scenarios that increase car insurance cost and will hopefully give the reader a good beginning to your search for cheaper coverage.
One of the more important considerations that are looked at to determine the cost of insurance is your address in Greensboro. More populated areas tend to pay more, whereas more rural areas have the benefit of cheaper car insurance.
The following table ranks the priciest cities in North Carolina for a learners permit to purchase auto insurance in. Greensboro is ranked #4 costing $786 for the average insurance policy, which is approximately $66 monthly.
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Rates are comparative as the specific Greensboro residence address can change coverage prices noticeably.
Figuring out which company offers the most affordable auto insurance rates for a learners permit calls for a little more sweat in order to find a policy that fits your budget. Each insurer has their own unique process for establishing rates, so let’s rank the most competitive auto insurance companies in Greensboro.
We do need to point out that Greensboro auto insurance rates are influenced by many factors which can significantly increase or decrease your annual premium. Simply turning a year older, buying a home, or getting caught speeding can trigger changes in premium resulting in some rates now being more affordable than others.
Find the Cheapest Car Insurance in North Carolina
Progressive offers some of the most affordable car insurance rates in Greensboro at around $632 annually. This is $240 less than the average rate paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and Titan also make the cut as some of the most economical Greensboro, NC insurance companies.
As shown in the rates above, if you have coverage with Utica National and switched to Progressive, you could earn annual savings of in the vicinity of $11. Customers with Liberty Mutual may save as much as $68 a year, and Penn National policyholders might reduce rates by $85 a year.
Be aware that those premiums are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for a learners permit. So the car insurance company that can offer the best rates for your situation may not even be in the top 20 companies in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
The make and model of vehicle you are seeking coverage for is one of the largest considerations when trying to find the lowest-priced car insurance for a learners permit. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models.
The data below presents insurance rates for a selection of the most cost-effective automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$3,661|
|Honda CR-V EX 4WD||$3,698|
|Jeep Wrangler Sport 4WD 2-Dr||$3,847|
|Ford Escape Limited 4WD||$3,928|
|Honda Accord EX-L 4-Dr Sedan||$3,936|
|Ford Edge Limited 2WD||$4,308|
|Chevrolet Impala LT||$4,344|
|Toyota RAV4 Sport 2WD||$4,354|
|Dodge Grand Caravan Hero||$4,344|
|Nissan Altima 2.5 4-Dr Sedan||$4,351|
|Ford Explorer Eddie Bauer 4WD||$4,378|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$4,384|
|Ford F-150 FX4 4WD||$4,378|
|Honda Civic LX-S 4-Dr Sedan||$4,541|
|Toyota Camry SE||$4,577|
|Honda Odyssey Touring||$4,611|
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Price data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific location which can influence insurance rates considerably.
Looking at the data, we can expect cars like the Hyundai Elantra, Honda CR-V, Jeep Wrangler, Ford Escape, and Honda Accord are most likely going to be some of the most affordable vehicles to insure for new drivers. The price for car insurance will be more costly because of the fact that there is more inherent risk for a learners permit, but overall those particular models will probably have the best insurance prices compared to all other vehicles.
The information below demonstrates how deductibles can impact insurance costs when quoting cheap insurance for a learners permit. The data is based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could lower rates by $196 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $298 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, can save $502 or even more by choosing a higher deductible. When increasing deductibles, it is a good idea to have additional savings on hand to satisfy the extra out-of-pocket expense associated with higher deductibles.
Irresponsible driving raises your rates
In a perfect world, the best way to enjoy the cheapest auto insurance premiums for new drivers is to drive safe and avoid accidents and violations. The illustration below highlights how speeding tickets and at-fault accidents increase car insurance rates for each different age group. The data is based on a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the previous example, the average cost of a car insurance policy in North Carolina per year with no violations or accidents is $1,086. Get written up for two speeding tickets and the average cost hikes up to $1,448, an increase of $362 each year. Then include one accident along with the two speeding tickets and the yearly cost of auto insurance for a learners permit goes up to an average of $1,814. That’s an increase of $728, or $61 per month, just for not being a responsible driver!
Chances are good that you’re overpaying for Greensboro car insurance
North Carolina auto insurance rates are impacted by many factors which can significantly increase or decrease the policy premium. Simply improving your credit, buying a different vehicle, or having an accident can trigger price changes resulting in some rates now being cheaper than competitors. Additionally, companies change the rates they charge in North Carolina as needed to reflect underwriting profits or losses. Higher than normal claim frequency or severity can result in more expensive prices, while a profitable period may produce cheaper Greensboro car insurance rates.
The graph below shows the company with the cheapest car insurance in Greensboro, NC for a 30-year-old female driver with no accidents, a clean driving record, and great credit. When comparing rates based on her personal risk profile, Progressive may have the cheapest car insurance rates in Greensboro at $722 a year. This is $150 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Liberty Mutual, and Penn National are also included in the most affordable Greensboro, NC auto insurance companies.
Now let’s give the driver from the first rate comparison a claim surcharge, a lower credit score, and a couple of points charged on her driving record. Since each auto insurance company uses their own formula to determining premium rates, getting updated rate quotes will most likely result in a significantly different list of the cheapest car insurance companies in Greensboro as shown below.
Titan now has the best insurance rate in Greensboro, NC with State Farm, Auto-Owners, Utica National, and National General now being in the top five. This shows why it is crucial to perform a complete rate comparison when trying to find affordable car insurance quotes for a learners permit.
Rates are impacted by many different factors and change dramatically, so the best price the last time you shopped your coverage around may now be costing you a lot of money.